The sum of absolute deviations of values is minimum when measured from the: MCQ with Answer and Explanation
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Question #1
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A questionnaire is said to be structured if:
Correct Answer: Option D
Explanation:
Structured questionnaires use standard questions and answer choices, facilitating easy coding.
Structured questionnaires use standard questions and answer choices, facilitating easy coding.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The main purpose of classification is to:
Correct Answer: Option B
Explanation:
Classification organizes data into homogeneous groups for analysis.
Classification organizes data into homogeneous groups for analysis.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Chain base index numbers are advantageous when:
Correct Answer: Option B
Explanation:
Chain base indices use the previous period as base, making them sensitive to recent changes and suitable for analyzing short-term fluctuations, though they complicate long-term comparisons.
Chain base indices use the previous period as base, making them sensitive to recent changes and suitable for analyzing short-term fluctuations, though they complicate long-term comparisons.
This question belongs to:
Accountancy and Statistics
Statistics
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